Meghalaya projects Rs 27,000 crore for 12th Five Year Plan

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Shillong, April 4 (PTI) The Meghalaya government today projected a plan size of Rs 27,000 crore for the 12th Five Year Plan for approval by the Planning Commission, Chief Minister Mukul Sangma said. The proposed amount saw an increase of about 34 per cent (Rs 17,815 crore) from the last 11th Five Year plan approved by the Planning Commission at Rs 9,185 crore. Briefing reporters after the cabinet meeting, Sangma said, "The amount has been projected for the next five years and would be projected before the Planning Commission for approval". According to Mukul, the proposed budget of the state for the 12th five-year plan has been approved by the Cabinet after due diligence was done by the government based on investment requirements of the state in various sectors. "The plan size of Rs 27,000 crore is based on our perceived investment needs and sectoral requirements and ensuring sustainable development and employment generation in the state," Mukul said. The state government had passed a plan size of Rs 3535 crore for the current fiscal year as compared to the last year plan allocation of Rs 2727 crores. Meghalaya had launched a state flagship Rs 1200 crore program, the Integrated Basin Development and Livelihood Promotion Program (IBDP), aimed at benefitting four lakh families covering two million people in five years directly and indirectly. PTI JOP NIK